Market Overview:
The global industrial boiler market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient boilers from various end-use industries, such as food & beverages, paper & pulp, chemical, oil & gas refinery and others. In addition, the growing awareness about environment conservation is also propelling the demand for energy-efficient boilers in the global industrial boiler market. Based on type, the global industrial boiler market can be segmented into 10 -150 BHP (British thermal unit), 151-300BHP and above 300BHP segments. The 10 -150 BHP segment is projected to account for a major share of the global industrial boiler market during the forecast period owing to its low installation and maintenance costs as compared to other types of boilers.
Product Definition:
An industrial boiler is a large, stationary boiler used to produce heat or steam for a factory or other industrial process. The importance of an industrial boiler is that it provides heat and/or steam for factories, which allows them to produce products.
10 -150 BHP:
-150 BHP is the power that a boiler generates when it is at its critical temperature and pressure. It is used to measure the power output of a boiler in terms of heat input or steam generation capacity. The higher the number, generally means more efficient and powerful boiler you have.
The growth factor for 10 - 150 BHP depends upon various factors such as type of fuel, design, installation location etc.
151-300BHP:
151-300BHP is the power rating of industrial boilers which are used in various industries including paper, chemical, cement and sugar mills. These boilers are primarily used to produce steam for the purpose of driving turbines which later generate electricity. The boiler has a heating surface area that can be controlled by adjusting jet sizes and number as per requirement. It also helps in super heatering where additional heat can be applied above normal operating temperature to increase efficiency further.
Application Insights:
The food and beverage application segment led the global industrial boiler market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for packaged food products across the globe. Food processing plants, which use boilers, are usually large and complex facilities that require a high level of automation for efficient operations. These boilers are used to produce steam for heating water or cooking foods as well as generating electricity through cogeneration systems at higher temperatures than traditional power generation systems using fossil fuels or nuclear reactors.
Paper and pulp is one of the major end-use industries where boilers play an important role in producing steam required for paper machines along with other processes such as chemical manufacturing, metalworking.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing industrialization and rapid urbanization. In addition, rising disposable income levels coupled with expanding population in emerging economies such as China and India are anticipated to drive demand for industrial boilers.
The market in Europe accounted for more than 20% of the overall revenue share in 2017 on account of high energy prices, strict environmental regulations by various regulatory bodies such as REACH (Registration, Evaluation, Authorization), COVID-19 (Clean Air Act) along with growing need for energy efficiency across numerous end-use industries have driven product demand across European countries. However; stringent government policies regarding coal usage are projected to hamper growth during the forecast period due to shifting focus towards alternatives that emit lower levels of greenhouse gases into atmosphere thus promoting sustainable development within regional economy.
Growth Factors:
- Increasing demand from the process industries for thermal energy is expected to drive the industrial boiler market.
- The increasing demand for electricity and growing investments in power generation are also expected to fuel the growth of the industrial boiler market.
- Stringent environmental regulations regarding emissions from boilers are likely to propel the adoption of more efficient and cleaner technologies, thereby driving the growth of this market.
- The increasing popularity of cogeneration systems is also anticipated to boost demand for industrial boilers in near future. 5) Growing concerns over energy security is likely to result in an increase in investments towards development of new and efficient industrial boiler technologies, thus propelling market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Boiler Market Research Report
By Type
10 -150 BHP, 151-300BHP, Above 300BHP
By Application
Food & Beverages, Paper & Pulp, Chemical, Oil & Gas Refinery, Others
By Companies
General Electric, Mitsubishi Hitachi Power Systems, Bosch Thermotechnology, Industrial Boilers, CMI Group, Byworth Boilers, EVOLV INDUSTRIAL, Cochran, ZG Boiler, Hoval, General Electric, Cleaver-Brooks, Miura, Viessmann, Forbes Marshall, Hebei Xinhuaxin Boiler Manufacturing, Tianlu Boiler Industry, Wuxi Huaguang Electric Power Engineering, Shanghai Industrial Boiler, Hangzhou Boiler Group, AE&E Nanjing boiler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Boiler Market Report Segments:
The global Industrial Boiler market is segmented on the basis of:
Types
10 -150 BHP, 151-300BHP, Above 300BHP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Paper & Pulp, Chemical, Oil & Gas Refinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Mitsubishi Hitachi Power Systems
- Bosch Thermotechnology
- Industrial Boilers
- CMI Group
- Byworth Boilers
- EVOLV INDUSTRIAL
- Cochran
- ZG Boiler
- Hoval
- General Electric
- Cleaver-Brooks
- Miura
- Viessmann
- Forbes Marshall
- Hebei Xinhuaxin Boiler Manufacturing
- Tianlu Boiler Industry
- Wuxi Huaguang Electric Power Engineering
- Shanghai Industrial Boiler
- Hangzhou Boiler Group
- AE&E Nanjing boiler
Highlights of The Industrial Boiler Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 10 -150 BHP
- 151-300BHP
- Above 300BHP
- By Application:
- Food & Beverages
- Paper & Pulp
- Chemical
- Oil & Gas Refinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Boiler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An industrial boiler is a large, powerful machine used to produce hot water, steam or other types of thermal energy. Boilers are often found in factories and other industrial settings, where they help to produce heat and power.
Some of the key players operating in the industrial boiler market are General Electric, Mitsubishi Hitachi Power Systems, Bosch Thermotechnology, Industrial Boilers, CMI Group, Byworth Boilers, EVOLV INDUSTRIAL, Cochran, ZG Boiler, Hoval, General Electric, Cleaver-Brooks, Miura, Viessmann, Forbes Marshall, Hebei Xinhuaxin Boiler Manufacturing, Tianlu Boiler Industry, Wuxi Huaguang Electric Power Engineering, Shanghai Industrial Boiler, Hangzhou Boiler Group, AE&E Nanjing boiler.
The industrial boiler market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Boiler Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Boiler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Boiler Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Boiler Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Boiler Market Size & Forecast, 2020-2028
4.5.1 Industrial Boiler Market Size and Y-o-Y Growth
4.5.2 Industrial Boiler Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 10 -150 BHP
5.2.2 151-300BHP
5.2.3 Above 300BHP
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Paper & Pulp
6.2.3 Chemical
6.2.4 Oil & Gas Refinery
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Boiler Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Boiler Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 10 -150 BHP
9.6.2 151-300BHP
9.6.3 Above 300BHP
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Paper & Pulp
9.10.3 Chemical
9.10.4 Oil & Gas Refinery
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 10 -150 BHP
10.6.2 151-300BHP
10.6.3 Above 300BHP
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Paper & Pulp
10.10.3 Chemical
10.10.4 Oil & Gas Refinery
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 10 -150 BHP
11.6.2 151-300BHP
11.6.3 Above 300BHP
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Paper & Pulp
11.10.3 Chemical
11.10.4 Oil & Gas Refinery
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 10 -150 BHP
12.6.2 151-300BHP
12.6.3 Above 300BHP
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Paper & Pulp
12.10.3 Chemical
12.10.4 Oil & Gas Refinery
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 10 -150 BHP
13.6.2 151-300BHP
13.6.3 Above 300BHP
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Paper & Pulp
13.10.3 Chemical
13.10.4 Oil & Gas Refinery
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Boiler Market: Competitive Dashboard
14.2 Global Industrial Boiler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Mitsubishi Hitachi Power Systems
14.3.3 Bosch Thermotechnology
14.3.4 Industrial Boilers
14.3.5 CMI Group
14.3.6 Byworth Boilers
14.3.7 EVOLV INDUSTRIAL
14.3.8 Cochran
14.3.9 ZG Boiler
14.3.10 Hoval
14.3.11 General Electric
14.3.12 Cleaver-Brooks
14.3.13 Miura
14.3.14 Viessmann
14.3.15 Forbes Marshall
14.3.16 Hebei Xinhuaxin Boiler Manufacturing
14.3.17 Tianlu Boiler Industry
14.3.18 Wuxi Huaguang Electric Power Engineering
14.3.19 Shanghai Industrial Boiler
14.3.20 Hangzhou Boiler Group
14.3.21 AE&E Nanjing boiler
